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Results
Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy
SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.
February 21, 2019
Property
Hatten to develop $67 mil water themepark at Harbour City@Melaka
SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Waterparks, the designer and installer of water slides.
August 07, 2018
Results
Banyan Tree 4Q earnings halved to $3.9 mil on higher expenses
SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher expenses.
February 27, 2018
Results
KOP swings back to black in 3Q with $7 mil earnings
SINGAPORE (Feb 14): KOP Limited is back in the black with $7 million of earnings for 3Q18, compared to its loss of $0.5 million a year ago on a near-tripling of revenue over the period under review.
February 14, 2018
Global Markets
MGM opens new US$3.4 bil resort in Macau
HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncerta
February 13, 2018
Maldives property could add to Keong Hong’s recurring income
(Oct 2) The Mercure Maldives Kooddoo Resort was launched to great fanfare on Sept 25, despite already being in business for a month. In attendance were Maldivian president Abdulla Yameen Abdul Gayoom, the Maldivian ministers for tourism and economic devel
September 29, 2017
Broker's Calls
Banyan Tree swings back to profitability in 4Q with earnings of $8.5 mil
SINGAPORE (Feb 23): Banyan Tree Holdings, the manager and developer of luxury hotels, resorts and spas in Asia, has declared $8.5 million in 4Q earnings on higher operating profit – a turnaround from the $18.4 million loss posted in 4Q15.
February 23, 2017
Banyan Tree may redraw plans for Gold Coast site
SINGAPORE (Feb 10): Banyan Tree Holdings is said to be considering redrawing its existing and already-approved plans to build a twin-tower serviced apartment and residential development, Cassia Northpoint, on its Surfers Paradise site in Gold Coast, Austr
February 10, 2017